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GDoN Revisited by Hipchickindc – 1420 12th Street, NW

by Prince Of Petworth March 13, 2015 at 10:55 am 13 Comments

1420-12th-Street-Northwest-sold

Hipchickindc is a licensed real estate broker. She is the founder of 10 Square Team and is affiliated with Keller Williams Capital Properties. 10 Square Team is a popville.com advertiser. Unless specifically noted, neither she nor the company that she is affiliated with represented any of the parties or were directly involved in the transaction reported below. Unless otherwise noted, the source of information is Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system. Information is deemed reliable but not guaranteed.

Featured Property: 1420 12th St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Logan
Bedrooms: 3 Baths: 3.5 Parking: Driveway/ Off Street Ownership: Fee Simple
Original List Price: $1,199,900.
List Price at Contract: $1,199,900.
List Date: 10/24/2014
Days on Market: 32
Settled Sales Price: $1,181,000.
Seller Subsidy: $12,800.
Settlement Date: 3/06/2015
Bank Owned?: No Short Sale? No Estate: No

Original GDoN post is: here.

The original listing can be seen here: here.

Everybody gets that this area has changed drastically even in recent years. Changes in real estate values and market conditions provide tangible representations of transformation. Our local multiple listing service in its current form, which is called Metropolitan Regional Information Systems (MRIS) shows listings that go back to the mid 1990s, when we first began with a dial in computer-based service.

This property that sold nearly twenty years later for over a million dollars was listed for $42,000, in 1996 as an estate sale. (You can see a photo of what the exterior of the property looked like at the time on the link.)

Perhaps what is more interesting is that at that time, at that price, they could not give it away. The listing in 1996 was on the market for 142 days and expired without selling. Comments from the listing agent at the time (Pearl Dalley with Pardoe Real Estate ERA) state that it is “a cute little house (that) awaits an urban pioneer***lots of potential in this property with a detached garage.” I wonder if Ms. Dalley ever imagined the potential reaching quite this level.

The listing agents for this sale were Trent Heminger and Kevin Gray with Beasley Real Estate, LLC. Ben Roth with Washington Fine Properties, LLC represented the buyer in this transaction.

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